I think your financial reasoning is so much nonsense. The amount of fuel soil this year can be expected to be let's say 100 times or more compared with what was sold last year. Therefore it makes no sense to relate revenues and expenses last year and expect the same proportion to hold this year more or less. As always only time can show who is right.
kezek please explain why they cannot go profitable in a decade?
you keep harking on about the cash spent over the last 2 years - you do know they bought the property the are running on don't you (and that can now be put as collateral on normal non PIPE financing). That was a lot of it. R&D has very strict account definitions so this probably is the laboratory work not the cost of constructing and adding to and perfecting #1 processor which we know was able to run 100% by December.
With #2 and #3 probably online this quarter (cost already about $2m) and the fabrication building working - meaning the current building is only used for production of fuel generating a conservative $10m a year profit form the 3 processor "stack".
Very easy for them to generate a lot of money this year. As soon as Rock Tenn #1 is ready that will generate similar profits.
I recall a company that did no revenue for its first 2 years spent a fortune ($200m plus) in infrastructure and then in one day did 20 m transactions for over $50m.
JBII is about to turn on the revenue spigot and the banks better be ready to hold the cash.
focus singularly on increasing production and growing capacity, instead of the marketing and distribution of its fuel products.
Consider this:
1. Unlimited free plastic from the Rock-Tenn Contract.
2. Production increased: 281 Barrels/Day/Processor. ($10M/yr revs approx).
3. Unlimited sales agreements for fuel output. XTR Energy will buy Regular/Premium Gasoline and Diesel Ultra LS Clear. Indigo Energy buying #6 Fuel Oil (Current price $120/Barrel).
Now it's just a matter of getting more processors online to meet demand. And with each increase in production, revenues will increase accordingly. Tik Tok.
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